Laserfiche WebLink
<br />Ogilvy Augmentation Company <br />Well Augmentation Project <br />September 22, 2008 <br />Page 2 of2 <br /> <br />3) CWCB will cap the initial disbursement of$523,584 (including the 1% Loan Service Fee) <br />for: preliminary engineering; the water rights purchase of 6.0 shares of Greeley <br />Irrigation Company; the purchase and installation of measuring control structures on the <br />wells; and the construction of the recharge facility. Upon water court approval of <br />augmentation plan, $487,224 (including the 1% Loan Service Fee) for the 50 acre-ft <br />lined storage reservoir can be disbursed. CWCB has the option of executing two <br />contracts as deemed necessary by CWCB staff. <br /> <br />4) Borrower shall make annual payments of interest accrued prior to substantial completion <br />of project. <br /> <br />5) If the water court application is denied or otherwise unsuccessful the Project will be <br />deemed substantially complete and the Borrower shall repay the amount of funds <br />disbursed, along with interest, in accordance with the loan contract provisions. <br /> <br />B) Design/Construction: You must adhere to the CWCB Design and Construction Administration <br />Procedures. Tim Feehan will contact you regarding this phase ofthe process. Tim will make <br />construction site visits, which will be the basis of pay estimates for disbursement of your loan <br />funds. You can contact Tim at his desk at (303) 866-3441 x 3211 or cell phone (303) 618- <br />5010. <br /> <br />On behalf of the Board, I would like to thank you for your interest in a loan from the Colorado Water <br />Conservation Board. <br /> <br />Sincerely, <br /> <br />'-It//J/I- <br /> <br />~~ <br /> <br />Mike Serlet, P.E., Chief <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br /> <br />Anna Mauss, P.E. <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br /> <br />Attachment: Updated Board Memo <br /> <br />E-mail Copy (Including Attachments) <br /> <br />Eric Wilkinson, Board Member - South Platte River Basins <br />Doug Seely, PE, Water Resource Engineer <br />Duane Smith, PE, Smith Geotechnical <br />Amy Stengel, AGO <br />Susan Schnider, AGO <br />CWCB Finance Section Staff <br />